US said to ready final China trade deal as hawks urge caution – Bloomberg

Anil Panchal FXStreet

While conflicting signals concerning the prospects of the US-China trade deal were conveyed during late-Thursday by the US treasury secretary and economic adviser, Bloomberg came with an upbeat news signaling that the US is almost ready with a deal for China.

The news report said:

U.S. officials are preparing a final trade deal that President Donald Trump and his Chinese counterpart Xi Jinping could sign in weeks, people familiar with the matter said, even as a debate continues in Washington over whether to push Beijing for more concessions.

The U.S. is eyeing a summit between the two presidents as soon as mid-March, said one of the people, who spoke on condition of anonymity because the preparations are confidential. The planning has been complicated by Xi’s need to lead China’s annual National People’s Congress in early March, as well as make other foreign trips, the people said.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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